Better Off Budget Fully Funds Affordable Housing Programs
The Congressional Progressive Caucus (CPC) has released a better off budget report titled The People’s Budget: A Progressive Path Forward for the 2019 Fiscal Year.
The CPC is a member organization of the Democratic congressional caucus of the U.S. Congress. It is a left-leaning organization that advances liberal and progressive positions to benefit the American people.
The proposed better off budget in the report aims to fully fund affordable housing programs and invest $12.8 billion to end family homelessness.
According to the National Low Income Housing Coalition in their The Gap: A Shortage of Affordable Homes 2018 report, there is a shortage of an estimated 7.4 million rental units for extremely low income renter households.
The CPC proposed better off budget looks to eliminate the shortage of available affordable homes.
The budget will restore and increase housing vouchers, sustain and rebuild public housing, and expand investments in the national Housing Trust Fund as well as other HUD programs.
The CPC’s The People’s Budget is a direct rejection of the Trump administration’s proposal. Trump’s proposal looks to cut housing benefits through rent increases and establishing work requirements. In contrast, the CPC budget wants to provide more funding to ensure effective fair housing enforcement.
In addition, the proposed budget provides $80 billion for disaster aid relief and climate change mitigation efforts, in response to the 2017 disaster season. In areas recently affected by hurricanes, including in Texas, Louisiana, Puerto Rico, Florida, and other U.S. territories, long-term housing assistance has yet to be provided.